The Employees Provident Fund (EPF) has announced a dividend rate of 5.50 percent for conventional savings, with a total payout of RM50.33 billion.
The EPF also declared a 5.40 percent dividend for syariah savings, with a total payout of RM7.48 billion, bringing the total payout for 2023 to RM57.81 billion.
This marks an increase from last year when the EPF gave out dividends of 5.35 percent for conventional savings and 4.75 percent for syariah accounts for 2022.
For the financial year ended Dec 31, 2023, (FY2023), the retirement savings fund recorded a total investment income of RM66.99 billion, a 29 percent increase from RM51.91 billion in 2022.
“Out of the RM66.99 billion in total investment income, RM5.72 billion were generated from mark-to-market (MTM) gains of securities that have not been realised and will not be part of the dividend distribution.
“It has been the EPF’s prudent practice of paying dividends only out of realised income,” it said in a statement today. - Mkini
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